PagerDuty
258 hedge funds and large institutions have $3B invested in PagerDuty in 2023 Q1 according to their latest regulatory filings, with 64 funds opening new positions, 85 increasing their positions, 68 reducing their positions, and 21 closing their positions.
205% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 21
136% more call options, than puts
Call options by funds: $21.2M | Put options by funds: $8.98M
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
37% more capital invested
Capital invested by funds: $2.2B → $3B (+$806M)
25% more repeat investments, than reductions
Existing positions increased: 85 | Existing positions reduced: 68
19% more funds holding
Funds holding: 216 → 258 (+42)
2.07% more ownership
Funds ownership: 92.03% → 94.09% (+2.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$43.7M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$35.6M |
| 3 |
FAM
Fred Alger Management
New York
|
+$28.3M |
| 4 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$25.6M |
| 5 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
+$21.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
-$66.8M |
| 2 |
NAMA
Nikko Asset Management Americas
New York
|
-$21.2M |
| 3 |
Sumitomo Mitsui Trust Group
Minato-Ku, Tokyo,
Japan
|
-$21.2M |
| 4 |
BlackRock
New York
|
-$17.5M |
| 5 |
BCM
Bares Capital Management
Austin,
Texas
|
-$9.78M |
PD Hedge Fund Activity: Q1 2023 in Review
258 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in PagerDuty (PD) for Q1 2023, worth a combined $3B — up 37% from $2.2B a quarter earlier.
Buyers outnumbered sellers: 64 funds opened new PD positions and 21 closed out — a net gain of 43 holders — while 85 added to existing stakes and 68 trimmed.
The largest buyer was Millennium Management, adding an estimated $43.7M. The largest seller was Fidelity International, exiting entirely with an estimated $66.8M sold.
- 258 institutional investors held PagerDuty (PD) as of Q1 2023, up from 216 in Q4 2022.
- Funds reported $3B of PagerDuty stock for Q1 2023, up 37% quarter-over-quarter.
- 64 funds opened new PagerDuty positions in Q1 2023 and 21 closed out, a net change of +43 holders.
- The largest PagerDuty buyer in Q1 2023 was Millennium Management, an estimated $43.7M added.
- The largest PagerDuty seller in Q1 2023 was Fidelity International, an estimated $66.8M sold.
Based on aggregated 13F filings for Q1 2023.